Aberdeen-based subsea installation contractor Bibby Offshore has secured a contract extension worth in excess of £100 million,with Talisman Sinopec Energy UK.
A further three years with a one year extension option has been signed, making this the longest fixed term contract to be secured by Bibby Offshore.
As part of the agreement, Bibby Offshore will deliver construction and inspection, repair and maintenance (IRM) works via its Diving Support Vessel (DSV) Bibby Topaz.
Howard Woodcock, chief executive of Bibby Offshore, said, “Securing this extension to our long term agreement demonstrates confidence in our ability to deliver complex and challenging subsea projects. This has been an extremely successful year for the business so far.”
He continued, “Controlling high quality assets has been a focus for our management team and the recent charter of the Mermaid Endurer is a key part of this strategy. Giving our clients access to first class vessels is essential to meet their needs and allows us to continue to deliver excellent DSV support in the North Sea.”
Bibby Offshore with new sister company Bibby Remote Intervention Limited (BRIL), has grown from 10 employees in 2003 to now employing more than 1,300 people onshore and offshore worldwide, with offices in Aberdeen, Liverpool, Singapore and Trinidad. The company has an international fleet of six subsea support vessels and 13 Remote Operating Vehicles (ROV) and will continue to add to their fleet to meet demand.